Alert31 (OP)
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October 25, 2021, 02:50:18 PM Last edit: October 26, 2021, 02:34:07 PM by Alert31 |
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There's a thousands of coins and tokens in crypto market. We can see the pump and dump of every tokens or coins in the market. People usually look on the use case of a tokens or coins before they invest but not all. Other's doesn't care about the utility of a certain coins instead they are after the profit they can get during the pump of a token or coins. Hype can make a coin pump but it's generally unsustainable and utility can make a coin pump long term but it needs hype to thrive, otherwise there won't be enough people to patronize and buy such coin. Hypecoins are good for short term gains, but will never beat utility in terms of smart long term calculated investing. If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
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dhemasm
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October 25, 2021, 03:14:32 PM |
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There's a thousands of coins and tokens in crypto market. We can see the pump and dump of every tokens or coins in the market. People usually look on the use case of a tokens or coins before they invest but not all. Other's doesn't care about the utility of a certain coins instead they are after the profit they can get during the pump of a token or coins. Hype can make a coin pump but it's generally unsustainable and utility can make a coin pump long term but it needs hype to thrive, otherwise there won't be enough people to patronize and buy such coin. Hypecoins are good for short term gains, but will never beat utility in terms of smart long term calculated investing. If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
Well i'm agree with that, Mostly on the crypto market today hype was more important than utility since people want some short profit but if you are looking for long term option with better prospect then utilty it's the most important, The price can't easily jumping out to 2x or 3x coin with real utility but lack of hype have more steady growth with more stabile value rather than coin without real purpose but hyped.
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lumierre
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October 25, 2021, 03:23:11 PM |
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There's a thousands of coins and tokens in crypto market. We can see the pump and dump of every tokens or coins in the market. People usually look on the use case of a tokens or coins before they invest but not all. Other's doesn't care about the utility of a certain coins instead they are after the profit they can get during the pump of a token or coins. Hype can make a coin pump but it's generally unsustainable and utility can make a coin pump long term but it needs hype to thrive, otherwise there won't be enough people to patronize and buy such coin. Hypecoins are good for short term gains, but will never beat utility in terms of smart long term calculated investing. If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
I am sure that hype and advertisement is much more important than utility if we are talking about short-term trading. If a coin is popular but completely useless, it will pump and traders will earn on it. A good example is meme coins that are absolutely useless as don't have any fundament, but they were trendy due to Elon Musk and this way they increased by many times.
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Snappycoco
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October 25, 2021, 03:25:18 PM |
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Agreed. Most pump and dump coins doesn't last for a year or so. It only happens within months and suddenly drop within a night or so. Its still better to invest into coins who has fundamentals that determines its price. These pump and dumps are probably hot in newbies eyes but for real OG, it will never be. Too much risk you are given to that investment and could potentially lose all of it in just a blink of an eye.
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fileo
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October 25, 2021, 03:29:09 PM |
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Utility first before hype. The token build through utility or meaningful use case will last long. Hype is just a hype that will fade in an instant. The project with great use case will definitely hype in due time. It means hype is part of crypto popularity to increase the value and will gain access point to have more partnerships.
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Stanlo
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October 25, 2021, 04:02:18 PM |
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I'd choose utilities over hype because utility guaranteed the project existence for long term compare to projects based on hypes only, it's better for a project to have good utility and good marketing strategy that can create good hype so all in all it depends on the team
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Rahman11
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October 25, 2021, 04:07:30 PM |
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Investing in crypto assets is risky but also potentially extremely profitable. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency, while a safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrency.
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asriloni
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October 26, 2021, 08:58:01 AM |
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coins depends on hype or coins with utility?
It should be a coin/token that has both (hype and utility) but I can't deny the fact that if hype was really important. Doge and shiba inu has proven that even without any product or utility use case a meme token can worth billions of market cap. that proves that if people can buy that based on the speculation instead of utility that already offered. Utility can built later but the hype will be driving the price of coin/token to go up. If you are watching shiba inu correctly and you will find that if binance and coinbase were adding this coin due to the its hype and volume. The major exchange sites were also seeing the hype as a very important thing and they didn't wanna lose the demand that was also helping to drive the coin up due to the hype. Utility can be developed later as long as coin/token have a blockchain that was supported dapps development. The hype can't be created easily as this must be driven by so many factor like big boys and many more. When elon musk was mentioning shiba inu and people were massively buying shiba inu without think about its utility and that's it. I will prefer to pick hype instead of utility for short term and utility combined with hype for long term. Utility without hype means nothing.
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inanilujimi
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October 26, 2021, 09:14:38 AM |
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I personally prefer investments that have utility, not so interested in very fast profits because it is certain that if the hype disappears then the altcoin price will be destroyed, there have been many examples of some meme tokens that are so hype but when the hype is gone, what remains only regret.
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cryptoaddictchie
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October 26, 2021, 09:53:56 AM |
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Hype can make a coin pump but it's generally unsustainable and utility can make a coin pump long term but it needs hype to thrive, otherwise there won't be enough people to patronize and buy such coin. Hypecoins are good for short term gains, but will never beat utility in terms of smart long term calculated investing. If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
For me it should have both. WELL I also played some hype coin and I know when to exit or at least cut losses. But overall I preferred having a use case and when I see how useful it is. I generally bag some or ape on that. Some projects with amazing use case can pump anytime as soon as people started to noticed that.
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Ucy
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October 26, 2021, 10:19:19 AM |
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The Headline sounds quite misleading... though I understand why you may be putting it in that manner. Wish you handled it in a better way so it doesn't look like you are encouraging hype and people who aren't interested in clicking and reading what you have to say don't get misled.
In regards to the topic, I think Utility has to be achieved without compromising on Good Standards otherwise the Coin/Project is as bad as worthless Hyped Coin/Project.
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_IRMAN
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October 26, 2021, 11:12:30 AM |
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If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
Trader = Hype ( because Traders are usually looking for short-term profits, and hype usually doesn't last long ) Investor = Utility (Investors look at the future of the token, whether it has good utility and is useful for the future, after which investors are sure to make a profit.)
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aprilnot
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October 26, 2021, 11:17:46 AM |
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new coins must have hype. and old coins must have real utility or use cases. These are the basic steps for determining the coins you want to buy. and both things are equally important. hype and utility are two important things for a coin. and this also affects in determining the investment period. the hype is suitable for the short term. and coins with utility have long term potential.
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Alert31 (OP)
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October 26, 2021, 02:39:26 PM |
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The Headline sounds quite misleading... though I understand why you may be putting it in that manner. Wish you handled it in a better way so it doesn't look like you are encouraging hype and people who aren't interested in clicking and reading what you have to say don't get misled.
In regards to the topic, I think Utility has to be achieved without compromising on Good Standards otherwise the Coin/Project is as bad as worthless Hyped Coin/Project.
Thanks for comment. I edited the topic for better understanding. I just wanted to have a good discussion regarding this topic to know everyone’s opinion.
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tvplus006
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October 26, 2021, 03:31:09 PM |
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...If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
For long-term investors, the main thing when choosing a coin is utility, while for day trading, coins around which hype are more suitable. It is the hype that affects the volatility of the coin and as a result, its coin reaches a high price in a short time. But you should be careful with such investments, because if there is no utility, then the hype will pass quickly and the price of the coin may be a dump.
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bitcon
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October 26, 2021, 08:50:57 PM |
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When choosing a token, I try to buy on lows so I am focusing on utility, idea of a project, and team members as it is difficult to guess if this coin will be trendy or not, but actually I pay a lot of attention to marketing campaigns and community as well because it is also very important. Token will not pump if it is just useful but is not popular with crypto participants.
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livingfree
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October 26, 2021, 09:18:29 PM |
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Investors are wise to choose utility.
But traders do take that advantage of hype and make a lot of money from it. So in that perspective, you've got to choose what type are you as a market player.
For me, I'm with utility as when I've been following the hype, I made losses instead.
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dunfida
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October 26, 2021, 09:26:59 PM |
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If you are a trader or investor, what is important to you in choosing token or coins to invest, coins depends on hype or coins with utility?
For short term = HYPE For long term = Utility When you do have sufficient knowledge and experience in the market then you would really be having the same insights just like on what i have said. You would need to play with the waves even though some people doesnt really like hypes but you could actually make money on that.
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20kevin20
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October 26, 2021, 09:32:52 PM |
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This is self-explanatory. It's like you asked me whether I like food or water. You go for hype when you only care about quick profits and high risks, you go for utility when you are in for the long term and probably trust the coin's future. Hype is usually disastrous while utility is a slow but sure builder of a strong asset.
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samcrypto
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October 26, 2021, 09:39:38 PM |
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You have to balance things and know how to spot the hype and the best token with real purpose. In a market that hype is very normal, you can actually make a lot of money if you are able to ride the hype early. Though of course those utility token with a great purpose in the market can also rise, depends on their updates and services. For me, better to invest on both and know when you are going to buy and when you will take profit, being consistent is the key.
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